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Dec 5, 2012
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we went into deficits, deficits as far as the eye could see. deeper and deeper in debt. so you might ask, then, "senator boxer, why are you now supporting those tax cuts being renewed for 98% of the people?" and the answer is, it's a different time and a different place. we're getting out of a recession and we can make up the moneys we need to balance this budget by going just to the top rate, going to the people over $250,000. remember, this plan that we passed in july -- if we could go back to that chart -- that gives a tax break on the first $250,000 of income. and, in essence, giving everybody a tax break on that first $250,000. it's only after that that the taxes go back to clinton era. and because this is a different time and place, i support giving a tax break, continuing it for 98%, but asking the wealthiest to pay their fair share for the greatest country on the face of this earth. my father was born into dire poverty. he was the only one of nine children born in america. he was the only one of nine children to go to college at night in your great state, madam p
we went into deficits, deficits as far as the eye could see. deeper and deeper in debt. so you might ask, then, "senator boxer, why are you now supporting those tax cuts being renewed for 98% of the people?" and the answer is, it's a different time and a different place. we're getting out of a recession and we can make up the moneys we need to balance this budget by going just to the top rate, going to the people over $250,000. remember, this plan that we passed in july -- if we could...
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Dec 5, 2012
12/12
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when i see a full deck of cards, that includes those participating in deficit reduction. it must be used over time and they can make very significant changes in the budget and do it in a way that does not damage our security. doing it abruptly as the fiscal cliff does, or any timeframe, it is not only inefficient, i think it endangers our security and our wrists. my final point is that missing element is primarily political will and i say that in regard to both political parties and the solution. the solution has to be forthcoming in the weeks ahead in the months ahead require our leaders and put our nation first. that has to be the primary focus of our political leadership. to put the interest of our country first. thank you for your leadership, thank you as well mike mullen. it is also a great privilege to be here with john warren and mr. isaac skelton. ,. >> thank you. thank you for putting this effort together. we thank admiral mike mullen, whose efforts have been outstanding for this effort. the late barbara -- barbara tuchman wrote a book entitled "march of folly."
when i see a full deck of cards, that includes those participating in deficit reduction. it must be used over time and they can make very significant changes in the budget and do it in a way that does not damage our security. doing it abruptly as the fiscal cliff does, or any timeframe, it is not only inefficient, i think it endangers our security and our wrists. my final point is that missing element is primarily political will and i say that in regard to both political parties and the...
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Dec 5, 2012
12/12
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CURRENT
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this will congressman goes back to 1984. >> social security has nothingto to do with the deficit. social security is totally funded by the payroll tax levied on employer and employee. if you reduce the outgo of social security, that money would not go into the general fund to reduce a deficit. it would go into the social security trust fund. so social security has nothing to do with balancing a budget or erasing or lowering the deficit. >> ronald reagan's debate with walter mondale in 1984. >> i call it selective fawning. they love to quote ronald reagan but when he says something sensible, they disassociate. he is absolutely correct. one of the things the boehner proposal does is reduces social security benefits so if you are making a billion dollars, you get your tax cut but if you are an 85-year-old social security recipient, you get a social security cut. how is that fair? >> if only they would listen to ronald reagan and raise taxes when necessary and get their grum -- grimey hands off social security, we would all be better off. congressman steve israel, you are doing a grea
this will congressman goes back to 1984. >> social security has nothingto to do with the deficit. social security is totally funded by the payroll tax levied on employer and employee. if you reduce the outgo of social security, that money would not go into the general fund to reduce a deficit. it would go into the social security trust fund. so social security has nothing to do with balancing a budget or erasing or lowering the deficit. >> ronald reagan's debate with walter mondale...
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Dec 5, 2012
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. >> we are not going to simply cut our way to prosperity or cut our way out of this deficit problem. we are going to need more revenues. in order to do that that start with higher rates for the folk at the top. the reasonien, the reason i say that is not to punish success or go after folk just because they are wealthy. it's a simple proposition that you can't raise enough revenue and if you don't raise enough revenue through closing loopholes abductions, it's going to be middle class families that make up the difference. bill: john boehner will speak later this hour. we'll see how he responds to that comment. if washington can't get a deep, automatic tax increases and massive spending cuts do take effect. martha: west virginia senator joe manchin, a democrat discussing the fiscal cliff, social security within medicare. he believes they must be run more efficiently. >> last year the office of budget management says $115 billion was misspent. that's a tremendous savings right there. they are both much lower than everyone says we need. all economists say we need a minimum of $4 trillion
. >> we are not going to simply cut our way to prosperity or cut our way out of this deficit problem. we are going to need more revenues. in order to do that that start with higher rates for the folk at the top. the reasonien, the reason i say that is not to punish success or go after folk just because they are wealthy. it's a simple proposition that you can't raise enough revenue and if you don't raise enough revenue through closing loopholes abductions, it's going to be middle class...
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Dec 5, 2012
12/12
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CURRENT
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you can look at -- >> i agree. >> stephanie: tax cuts proveably caused these deficits. the social security does not -- doesn't add a cent to the deficit. >> i ran on this in a conservative district very clearly stated my position that i did not want to. i had to last time when the president asked us to, to extend all of the taxes for one year and that was a darn bitter pill for me to swallow. i was one of the democrats that voted on to get it through. i'm not going to do it again. it doesn't add to the economy and those top 2 don't need to get done. we all do agree on the bottom ones and i just -- i think now they've got themselves in a pretty tight box. i hope you keep beating the drum on this. >> stephanie: i think you're a helper. you're giving them an out. >> always the helpful teacher. [ laughter ] >> stephanie: representative tim walz of the great state of representative, thank you. talk to you soon. >> thank you. >> stephanie: you know what he is? he's someone who gets it done. brought to you by granger. >> oh, my god! >> stephanie: that's right. with over 900,00
you can look at -- >> i agree. >> stephanie: tax cuts proveably caused these deficits. the social security does not -- doesn't add a cent to the deficit. >> i ran on this in a conservative district very clearly stated my position that i did not want to. i had to last time when the president asked us to, to extend all of the taxes for one year and that was a darn bitter pill for me to swallow. i was one of the democrats that voted on to get it through. i'm not going to do it...
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Dec 5, 2012
12/12
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republicans lashing out at speaker boehner over his deficit reduction plan. are lawmakers really going to let us go over the cliff? and a gruesome photo sparking outrage. should "the new york post" have put up this picture of a man moments before he was crushed to death by a subway train. it with you on the cover. we're hearing from t
republicans lashing out at speaker boehner over his deficit reduction plan. are lawmakers really going to let us go over the cliff? and a gruesome photo sparking outrage. should "the new york post" have put up this picture of a man moments before he was crushed to death by a subway train. it with you on the cover. we're hearing from t